Semi-Detached, 2-Storey Flip or Duplex Conversion in Oshawa! Assigned

  • $350,000
  • 3 beds
  • 1.5 baths
  • 1226 sqft

A well-maintained, semi-detached, 2-storey home, situated on a quiet court close to the lake in the aptly named “Lakeview” area of Oshawa (Durham region). This is a turnkey property with the main floor and upstairs being ready to rent. Value-add investors, don’t fret! The cosmetic finishes are very basic, leaving the investor with an opportunity to change out the fixtures, add a fresh coat of paint and achieve a very good return with minimal money spent. This home doesn’t need a lot of attention and here it is at a superb discount for the savvy investor who’s still prowling the market for below market value real estate!

We are selling our assignable purchase contract.

Closing is April 28th, 2020.
**This property is tenant-occupied and the Buyer will be required to assume the three tenants on closing and independently negotiate vacancy. We have factored this into our discounted price.**

 

Click HERE for more information and pictures.

Price:
$350,000
Address:
Chandos Crt
Oshawa, ON
Square Feet:
1226
Lot Size:
20 ft x 91 ft
Bedrooms:
3
Bathrooms:
1.5
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1977
Basement:
Finished

Additional Features

- 3 bedrooms - 1.5 bathrooms - 1226 sq ft - Built in 1977 - Finished basement (legal basement ceiling height) - Side entrance leads to kitchen and basement - New, rear patio roof - Furnace is 1-year-old - Hot water tank is rented - Vinyl windows are around 5-years-old and in good shape - Shared driveway with 3-4 parking spaces - Lot Size: 20 ft x 91 ft (pie shaped with large, rear yard) - Zoned: R2 - Tenants occupying house since Feb 2018 - Tenants are on ODSP and paying $1,700/month with utilities paid by landlord - Gas, water, and hydro are approximately $380-440/month (as per Seller) - Property taxes are approximately $2,860 according to the City of Oshawa website PROPERTY NEEDS - The property is in good, liveable condition but below are some minor updates we think it could use: - Central vac and central air are older and most likely need to be replaced (or eliminate central vac) - Cosmetic renovations in kitchen and both bathrooms - Paint and trim work - Carpet and laminate could be replaced

Call (647) 400-2093 for more details

Property Location